Contact Information: Contact: Nova Energy, Inc. ir@novaei.com 214-722-3029
OTCBB Quoted Nova Energy, Inc. (NVAE) PPS Increases 50% to $0.36 as Stock Begins Trading After Introduction of Updated and Expanded Business Plan
| Source: Nova Energy, Inc.
DALLAS, TX--(Marketwire - February 23, 2010) - Nova Energy, Inc. (OTCBB : NVAE ), a
fully-reporting Company on the Over-The-Counter-Bulletin-Board (OTCBB), has
been featured in an independent analyst report on NewMarket Technology,
Inc. (PINKSHEETS : NWMT ). The report gives NewMarket a 'buy' rating with a
PPS recommendation nearly fifty times higher than the current $0.03 PPS.
Nova Energy is a member of the NewMarket Greenfield Partnership Program and
has launched an updated business strategy focused on the technology,
utility, housing and health products industries of East Africa. Since
Nova's business strategy update and following NewMarket's independent
analyst report announced yesterday, Nova's 50% PPS increase to $0.36 was a
result of some of the first trading after a long lull in trading while the
Company explored new business strategies and plans.
Updates on Nova's business development progress, to include the recent
appointment of former Chairman of the Federal Reserve Bank of Dallas, Hugh
G. Robinson, as CEO, will be reviewed in a Greenfield Partners Program
Webcast scheduled for release later today. A link to the Greenfield
Partnership Program Webcast will be published upon release.
If you would like a copy of the NewMarket Technology Analyst Report
mentioned above, please visit the Investor Relations section of the
NewMarket website at
http://www.newmarkettechnology.com/investor-relations.htm. A direct link to
the report is http://www.newmarkettechnology.com/nwmtreport_20100222.htm.
To receive future updates on Nova Energy, please email ir@novaei.com to
opt-in to the Company's email database.
About Nova Energy, Inc. www.novaei.com
Nova Energy, Inc. has launched an updated business strategy and is under
new management. Retired Major General Hugh G. Robinson, former Chairman of
the Dallas Federal Reserve has assumed the role of Chief Executive Officer.
Under General Robinson's leadership, Nova plans to pursue several business
lines in the growing economy of East Africa, initially in Kenya. Nova has
already begun several initiatives in the region to include the Technology,
Utility, Housing and Heath products industries.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This press release contains forward-looking statements that involve risks
and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may because the Company's actual results in
future periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, product demand and market competition. You should
independently investigate and fully understand all risks before making
investment decisions.